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    The Economics of Sleep, Part 2 (Rebroadcast)

    en-usMarch 31, 2016
    How does limiting screen time improve sleep quality?
    What benefits did Lauren Hale experience from avoiding screens?
    How do socioeconomic factors impact sleep quality?
    What is the opportunity cost of sleep according to research?
    How does sleep deprivation affect earnings according to Gibson's study?

    • Limiting screen time before bed for better sleepAvoiding screens before bed can lead to better sleep quality and quantity, extending your rest by up to 1.5 hours each night.

      Limiting screen time before bed can significantly improve the quality and quantity of your sleep. In the latest episode, sleep researcher Lauren Hale shared her experience of abstaining from screens for a week between 9 pm and 7 am. She reported sleeping much better and was surprised to find that the benefits came not only at the beginning of the night but also in the morning. By setting a strict screen time and avoiding checking emails or social media, she was able to extend her sleep and gain at least an hour and a half more rest each night. This simple change can make a big difference in your overall health and well-being. Additionally, the episode discussed the connection between poor sleep and health issues, such as cardiovascular disease and cancer, and how socioeconomic factors can impact sleep quality.

    • The Economics of Sleep: A Deliberate DecisionEconomists have historically overlooked sleep as an automatic process, but it's a deliberate time use decision that affects leisure, work, and even sexual behavior. The economics of sleep is an emerging field, studying its impact on wages and productivity.

      Sleep, which accounts for a significant portion of our lives, has been largely overlooked in economic research. Economists like Gary Becker have historically treated sleep as an automatic process and ignored it in their analysis of time use. However, Dan Hamermesh was the first to challenge this perspective, viewing sleep as a deliberate time use decision that impacts other activities such as leisure, work, and even sexual behavior. Hamermesh's interest in sleep was sparked when he discovered that data on sexual activity was unreliable, leading him to consider the more common activity of sleep instead. The economics of sleep is an emerging field, and researchers like Matthew Gibson are continuing to explore its impact on wages and overall economic productivity.

    • The Opportunity Cost of Sleep and Its Impact on EarningsHigh earners may sleep less due to economic incentives, but sacrificing sleep comes with a cost, including decreased productivity and earnings potential.

      High earners tend to sleep less due to economic incentives, but sacrificing sleep comes with a cost. Hammermesh and Biddle's 1989 research showed that for each additional hour worked, people slept approximately 10 fewer minutes per night. This finding, often referred to as the opportunity cost of sleep, suggests that people may choose to sleep less if they have other time-sensitive activities, like earning more money. However, sleep is not entirely disposable, as it also provides benefits, such as improved productivity and earnings potential. Gibson, building on Hammermesh and Biddle's research, explored the relationship between sleep and earnings. He and Schrader considered running a large-scale sleep experiment but instead utilized the natural experiment of American time zones. By examining how wage differences emerge across time zones, they discovered that working an extra hour in a later time zone results in a wage decrease, suggesting that sleep deprivation negatively impacts earnings. Ultimately, the balance between sleep and economic opportunities requires careful consideration, as both have significant consequences.

    • Sunset times vary within a time zone, leading to different bedtimes for residentsResidents in eastern locations go to bed earlier and those in western locations go to bed later due to differing sunset times, potentially impacting economy

      Despite sharing the same time zone, cities like Huntsville, Alabama, and Amarillo, Texas, experience significantly different sunset times. This hour difference in sunset leads to distinct bedtimes for residents, with those in eastern locations going to bed earlier and those in western locations going to bed later. This anecdotal evidence is supported by data from the American Time Use Survey, which shows a clear correlation between bedtime and geographical location within a time zone. This variation in sleep patterns, caused by the differing sunset times, could potentially have economic implications, but further research is needed to determine the extent of these impacts.

    • Extra hour of sleep can increase wages by up to 16%Getting enough sleep can lead to productivity gains and higher wages, with studies suggesting a potential increase of up to 16%

      Getting an extra hour of sleep per night can significantly boost wages, with studies suggesting a potential increase of up to 16%. This effect is believed to be due to the importance of rest for human productivity. However, it's important to note that this relationship may not be the sole reason for income differences between cities, as other factors such as real estate prices also play a role. Additionally, research on sleep deprivation shows that lack of sleep can have negative effects on cognitive abilities and task performance, emphasizing the importance of adequate rest.

    • Impact of Sleep Deprivation on Productivity and Cognitive AbilitiesSleep deprivation can negatively impact productivity and cognitive abilities, leading to instability in attention, impulsivity, and slower processing speed. Getting consistent and adequate sleep can lead to increased productivity and potential income gains.

      Sleep deprivation can significantly impact an individual's productivity and cognitive abilities. Chronic sleep restriction can lead to instability in attention and impulsivity, as well as a decrease in cognitive processing speed. This can result in workers being less productive, and even impact long-term economic development. Additionally, getting a consistent and adequate amount of sleep can lead to increased productivity and potential income gains. The time of day that an individual gets their sleep may also play a role, with some research suggesting that getting up early in the morning may provide a productivity premium.

    • Understanding the Impact of Chronotypes on Productivity and IncomeMorning people earn more due to societal norms, but flexibility in work schedules could help evening types perform better and close the income gap.

      Morning people, who naturally wake up early and feel more productive, tend to earn four to five percent more than night owls, who have to pose as early birds in the workforce but prefer staying up late. Economist Jens Bonke, who studied this phenomenon, suggests that more flexibility in work schedules and workplaces could help evening types perform better and be more productive, reducing the income gap between the two groups. Traditional work structures, such as strict office hours and shopping regulations, have been changing in Denmark, allowing for more flexibility and accommodating the needs of night owls. The study highlights the importance of understanding the impact of chronotypes on productivity and income, and advocates for workplace adjustments to promote equality and productivity for all.

    • The Importance of Sleep for Productivity and Well-BeingImproving sleep conditions could significantly boost productivity and overall health, particularly in challenging environments. Historically neglected, sleep is now recognized as a key factor in development projects.

      Sleep significantly impacts our earnings, decision-making abilities, and overall well-being. Early birds used to earn a substantial premium over night owls, but this gap has decreased significantly over the past decade. This trend towards increased flexibility in society benefits certain individuals. However, in challenging environments like Chennai, India, where sleep conditions are suboptimal due to density, noise, poverty, and extreme temperatures, the importance of sleep for productivity and overall health becomes even more evident. Development experts have historically focused on large, complex projects to help poor countries, but the importance of sleep as a productivity booster is just beginning to be recognized. By improving sleep conditions, we could potentially make a big impact on the lives of people in developing countries.

    • Study in Chennai aims to improve sleep quality for data entry workersProviding sleep tools and encouraging short naps during work hours can lead to increased productivity and earnings for data entry workers, as shown in a study in Chennai, India.

      Improving sleep quality can significantly impact productivity and earnings, particularly for individuals engaged in repetitive data tasks. Researcher Heather Schofield is currently conducting a study in Chennai, India, where she provides participants with tools to enhance their sleep environment, such as mats, pillows, fans, and earplugs. Additionally, she encourages short naps during work hours. The study's findings will be measured by increased productivity and subsequent earnings, as data entry work can be easily monitored. Schofield's motivation for the research stems from observing the detrimental effects of sleep deprivation on individuals, such as rickshaw drivers, who struggle to perform optimally in their jobs. The study also serves as a reminder for Schofield, who often faces sleep challenges due to frequent travel, of the importance of addressing sleep issues to enhance cognitive performance and overall well-being.

    • Physical and environmental considerations for optimizing sleepExpand ear canals with earplugs for better noise blocking, let body naturally wake up, maintain consistent sleep schedules, manage light exposure by limiting screens at night and seeking natural light during the day.

      Optimizing your sleep involves both physical and environmental considerations. Heather's earplug tip, which expands the ear canal for better noise blocking, is a simple physical trick. For environmental factors, Dan Pardee recommends allowing your body to naturally wake up instead of relying on an alarm clock, and ensuring consistent sleep schedules. Additionally, managing your light exposure is crucial. Our modern indoor lifestyles often result in insufficient daytime light and excessive nighttime light, which can disrupt our natural sleep rhythms. To re-sync these rhythms, limit evening screen time and aim for natural light exposure during the day. By addressing these physical and environmental factors, you can improve your chances of waking up refreshed and feeling alert throughout the day.

    • Optimizing Sleep Environment and HabitsSimple practices like limiting blue light exposure, wearing yellow tinted glasses, and keeping sleeping environment dark and quiet can significantly improve sleep quality and duration, leading to increased energy and productivity.

      Optimizing our sleep environment and habits can significantly improve the quality and duration of our sleep, leading to increased daytime energy and productivity. This can be achieved through simple practices like limiting exposure to blue light from screens and artificial lights before bedtime, wearing yellow tinted glasses, and keeping the sleeping environment dark and quiet. It's surprising how much we overlook the importance of sleep in our society, given its significant impact on our overall health and well-being. By paying more attention to our sleep habits and making small adjustments, we can potentially reap big benefits. It's worth noting that external factors beyond our control can still disrupt our sleep, but focusing on the things we can control, such as our diet, activities, and sleep environment, can make a difference. Sleep experts like Dan Pardee, Heather Schofield, Matthew Gibson, and Lauren Hale are leading the way in emphasizing the importance of sleep, and we can all learn from their insights. So, let's prioritize sleep and explore ways to make it a priority in our lives.

    • Freakonomics Radio: Insights on Hidden Side of LifePopular podcast produced by WNYC Studios and Dubner Productions, offering intriguing insights on economics and human behavior. Produced by Christopher Wirth, mixed by Andrew Dunn and Merritt Jacob, with contributions from Irva Gunga, Jake Cowett, Greg Rizalski, Kashima Heilovich, Allison Hockenberry, and Caroline English.

      Freakonomics Radio is a popular podcast produced by WNYC Studios and Dubner Productions. The episode you listened to was produced by Christopher Wirth and mixed by Andrew Dunn and Merritt Jacob. The team behind the podcast also includes Irva Gunga, Jake Cowett, Greg Rizalski, Kashima Heilovich, Allison Hockenberry, and Caroline English. You can access all previous episodes on Freakonomics.com, and don't forget to subscribe on iTunes or wherever you get your podcasts. This podcast offers intriguing insights on hidden side of life, economics, and human behavior, making it a must-listen for anyone interested in understanding the world around them.

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    *

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    Past guests on The Tim Ferriss Show include Jerry SeinfeldHugh JackmanDr. Jane GoodallLeBron JamesKevin HartDoris Kearns GoodwinJamie FoxxMatthew McConaugheyEsther PerelElizabeth GilbertTerry CrewsSiaYuval Noah HarariMalcolm GladwellMadeleine AlbrightCheryl StrayedJim CollinsMary Karr, Maria PopovaSam HarrisMichael PhelpsBob IgerEdward NortonArnold SchwarzeneggerNeil StraussKen BurnsMaria SharapovaMarc AndreessenNeil GaimanNeil de Grasse TysonJocko WillinkDaniel EkKelly SlaterDr. Peter AttiaSeth GodinHoward MarksDr. Brené BrownEric SchmidtMichael LewisJoe GebbiaMichael PollanDr. Jordan PetersonVince VaughnBrian KoppelmanRamit SethiDax ShepardTony RobbinsJim DethmerDan HarrisRay DalioNaval RavikantVitalik ButerinElizabeth LesserAmanda PalmerKatie HaunSir Richard BransonChuck PalahniukArianna HuffingtonReid HoffmanBill BurrWhitney CummingsRick RubinDr. Vivek MurthyDarren AronofskyMargaret AtwoodMark ZuckerbergPeter ThielDr. Gabor MatéAnne LamottSarah SilvermanDr. Andrew Huberman, and many more.

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